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Founded what eventually would become Berkshire Hathaway
- 1839. Oliver Chace founded what eventually would become Berkshire Hathaway as the Valley Falls Co., Valley Falls, Rhode Island. Chace gained his textile experience with Samuel Slater and started his first plant in 1806.
history.textiles.ncsu.edu/textile-companies/berkshire-hathaway-co/
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As a young man, Chace worked as a carpenter for Samuel Slater, who established one of the first successful textile mills in the Americas at Pawtucket, Rhode Island, in 1793. In 1806, Chace eventually started his own textile mill in Swansea, Massachusetts, and then the Troy Cotton & Woolen Manufactory in 1813 in Fall River, Massachusetts, and ...
May 9, 2004 · 1839. Oliver Chace founded what eventually would become Berkshire Hathaway as the Valley Falls Co., Valley Falls, Rhode Island. Chace gained his textile experience with Samuel Slater and started his first plant in 1806. Berkshire Cotton Manufacturing began in Adams, MA in 1889.
By 1839, Oliver Chace was a very successful figure in the rapidly developing textile industry. He acquired and reorganized the Valley Falls mills, and eventually added two larger mills, one on each side of the river.
He later acquired and reorganized the Valley Falls Company in Valley Falls, Rhode Island, in 1839. The Valley Falls Company would eventually acquire the Albion Mills, Tar-Kiln Factory in Burrillville, Manville Mills in Rhode Island, and Moodus Cotton Factory in Connecticut.
Berkshire Hathaway traces its roots to a textile manufacturing company established by Oliver Chace in 1839 as the Valley Falls Company in Valley Falls, Rhode Island. [ 9 ] Chace, who was a carpenter, started working for Samuel Slater, the founder of the first successful textile mill in America. [ 10 ]
Dec 23, 2014 · In 1839, he purchased and reorganized the antecedent for Berkshire Hathaway, the Valley Falls Company in Valley Falls, Rhode Island. Chace soon expanded his business to include Moodus Cotton Factory, Manville Mills, Albion Mills, and Tar-Kiln Factory.
May 22, 2014 · As a young man, Oliver Chace went to work in Pawtucket R.I., as a carpenter for Samuel Slater at his textile mill – the first successful one in America. In 1806, Chace bought part of a small cotton mill in Swansea.
